It may cost California billionaire David Murdock, who owns Castle & Cooke in Hawaii, and a former Dole Food Co. exec $148.1 million to settle charges that they drove down the value of the company to save money when Murdock led a buyout of Dole.
Delaware Chancery Court Judge Travis Laster ruled Thursday that Murdock and Michael Carter, Dole’s former president and chief counsel, must pay the judgment, according to a Bloomberg report.
Dole shareholders had sued the two, charging that Carter made…Sabado, Agosto 29, 2015
Court orders Dole Food CEO David Murdock to pay $148M in buyout lawsuit
It may cost California billionaire David Murdock, who owns Castle & Cooke in Hawaii, and a former Dole Food Co. exec $148.1 million to settle charges that they drove down the value of the company to save money when Murdock led a buyout of Dole.
Delaware Chancery Court Judge Travis Laster ruled Thursday that Murdock and Michael Carter, Dole’s former president and chief counsel, must pay the judgment, according to a Bloomberg report.
Dole shareholders had sued the two, charging that Carter made…
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